Calcium Chloride Market
REPORT DESCRIPTION
Calcium Chloride Market ( Product - Flakes 77 %, Flakes 94 %, Prills 94 %, Pellets 94 %, and Liquid Grade ; Application - De-icing , Dust Control , Drilling Fluids , Construction , and Industrial Processing ) - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 – 2024
The global calcium chloride market is highly consolidated with leading share held by only three players . In 2015 , TETRA Chemicals , OxyChem , and B . J Services collectively held a lion ’ s share of 69.1 % in the global market . These companies have consistently focused on the expansion of production facilities , setting up businesses in newer geographies , and widening their sales and distribution channels to remain at leading positions . “ Increasing production and manufacturing products that are suited for various applications is expected to the key strategy of these companies to march forward in the coming years ,” says the lead author of this research report .
According to the research report , the global calcium chloride market is expected to be worth US $ 1.52 bn by 2024 as compared to US $ 1.04 bn in 2015 , expanding at a CAGR 4.2 % from 2016 to 2024 .
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Asia Pacific and North America Show Strong Presence in Global Market In terms of regions , the global calcium chloride market is segmented into North America , Europe , Asia Pacific , Latin America , and the Middle East and Africa . Asia Pacific and North America hold a significant share of the global market . By the end of 2024 , North America is expected to acquire a share of 46 % in the global market . The demand for calcium chloride for product development for water treatment and several the applications is expected to provide an incremental opportunity to the market in North America in the coming years .
Calcium chloride is being applied in industries such as construction , drilling fluids , dust control , deicing , and industrial processing . Of these , drilling fluids are expected to hold the highest share of
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